China ... plans to invest $600 billion in developing its national smart grid over the next decade" http://xrl.us/bij6yi
The EPRI report estimated the cost of upgrading the U.S. grid could range from $338 to $476 billion, up from $165 billion in a 2004 forecast. Benefit estimates have also skyrocketed to a range of $1.2 to $2 trillion, up from $660 billion estimated in 2004.

Smart Grid videos

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http://xrl.us/bij3ti A new report from Pike Research forecasts that 276 million smart grid communications nodes will be shipped worldwide from 2010 to 2016, with annual shipments increasing dramatically from 15 million in 2009 to 55 million by 2016... this will represent a total industry investment of $20.3 billion during the seven-year forecast period, with annual revenues increasing from $1.8 billion in 2009 to $3.1 billion by 2016..."

Friday, May 6, 2011

Con Edison Reports 2011 First Quarter Earnings

NEW YORK, NY--(Marketwire - May 5, 2011) - Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today reported first quarter earnings of $311 million or $1.07 a share compared with $226 million or $0.80 a share in 2010. Earnings from ongoing operations, which exclude the net mark-to-market effects of the competitive energy businesses, were $289 million or $0.99 a share compared with $264 million or $0.93 a share in 2010.

"First quarter results were in line with expectations," said Kevin Burke, the company's Chairman, President and Chief Executive Officer. "The company is continuing deployment of Smart Grid technologies that have attracted the attention of utilities around the country. Our energy efficiency programs also are helping customers lower their bills while improving the region's air quality and environment. These innovative programs have the added benefit of deferring the need for additional capital investment."